| London Prop traders view of the markets. [message #97171] |
Mon, 02 July 2012 14:31  |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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After a very lucky run of fantasy jobbing (190 points in June & 40 points in July) it is time to get out of the Long & Strong @ 2150 and get SHORT at 2285. 1. Getting out at 2300 as everyone who is short gets in for H2 FOMO. 2. Rate cut on Thursday is 99% priced in and Draghi's chat will hurt after. 3. ESM only has EUR 80bn in cash and needs all 17 to vote yes (Fins & Dutch?) 4. China still sitting at 7 month low with RRR cuts priced in. 5. Usual signs are not bullish today ex equities: EUR/USD, Spanish 10yr. 6. Expect nothing but paper/placings to come into Olympics and Ramadam window. 8. Miners; the only safe beta to buy been ripped up 2%, best performer today. 9. US data not = QE3. MS Upgrades Europe and GS about to get stopped out. 10.Instos still better sellers, all buying has been hedgie short covering. 11.Eurostoxx futures volume higher than average today, all short covering. 12.Last week NOBODY could be long into the EU Summit and now NOBODY can be short into the rate cut. Sold Long & GOING SHORT @ 2285
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| Re: London Prop traders view of the markets. [message #97202] |
Tue, 03 July 2012 08:38  |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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for the 3rd
*ALSI small +ve: there still feels like there is support around and a lack of supply. A bit of fast money has been around building shorts into these squeezy levels however they are not getting the salvation of long onlys selling. FX is highlighting the mind set is one of risk on and certainly rotation out of the defensives into beta is kicking in. Commodities find some traction barring gold highlighting the lack of defensive interest. We expect another light vol trading session as the US trade half day today ahead of the "4th of July" and we don't expect the balance of the week to be a lot better as trading desks go into skeleton staff. NFP is all the value the week will add with all the positioning being done re the number speculation. So long into a good # and long into a bad would be the call as stimulus will be there to save us.
*ECO Data SA: 03/07 Naamsa Vehicle Sales (Jun YoY prior 20.7%) *SA Ex Div - 09/07: CKS 135c, DTC 75c, FBR 120c, TON 170c
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| Re: London Prop traders view of the markets. [message #97575] |
Mon, 09 July 2012 13:54 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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for the 9th
ALSI -0.5%: Risk off is the theme but liquidity is the ultimate issue. Our pad is skewed 3 - 1 sellers at this point but with no conviction. Everyone is vol sensitive and trying to avoid market impact. Jbnks +0.4% as buying returns to the local safe haven names. Exxaro -4% returning the bulk of last weeks gains after Kumba warned on profits. Richemont -4% after Swatch gets a beating Japanese eco this am (Machinery orders). With little out there to provide guidance or catalyst we will continue to grind lower through the session. Fast money is however around looking to buy the dips on the hopes that RRR cuts do emerge later this week and any other for of stimulus arrives
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| Re: London Prop traders view of the markets. [message #98352] |
Wed, 25 July 2012 07:58 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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for the 25th
*ALSI small down but higher later: Asian markets hold up fairly well this am after Apple's miss (-5% pre mkt). The S&P ended 0.2% lower post our close and the futures are guiding for a small pull back. EU futures track that theme supported by risk off across EM FX markers. News flow continues to be dominated by the EU with talks that Greece is about to run out of money. One piece of good news is that the TED spread continues to fall so would look to add Beta if below 30 (curr 34.92). Again macro is light and trade remains cautious. As much as the short trade feels right I am more concerned of the supply/bear squeeze and would look to buy any dip vs climbing on the current crowded trade.
*SA Earnings 25/07 BATs S1 street EPS GBP 1.029 ArcelorMittal S 12 street EPS R0.835 Aeci S1 12 street R1.07
*SBL FLOW DEMAND
AMS SJ (4%-6% fee range) - Supply is very tight and demand is still sustained KIO SJ (4%-5.5% fee range) - Significant borrow demand. Recalls on the name ASR SJ (1.5% -3% Fee range) - Borrow supply is still tight VOD SJ (0.5% - 0.7% fee range) - Sustained short interest demand.
EXX SJ (1% - 1.5%) - Renewed short interest demand on this name JDG SJ (0.80% - 1%) - Seeing some short interest demand over past weeks TRU SJ (0.40% - 0.80%) - Demand has renewed and we have supply to go LON SJ ( 0.65% - 1%) - Demand is still available supply remains strained
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| Re: London Prop traders view of the markets. [message #98353] |
Wed, 25 July 2012 08:17 |
jamesng886
Messages: 7
Registered: July 2012 |
Junior Member |
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woo..woo..woo
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| Re: London Prop traders view of the markets. [message #98423] |
Thu, 26 July 2012 11:10 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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sbl
stands for securities borrowing and lending
our clients have access to all such info plus more!!!!!!!!
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| Re: London Prop traders view of the markets. [message #98439] |
Thu, 26 July 2012 14:52 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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pleasure
buy some kio below r525
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| Re: London Prop traders view of the markets. [message #98620] |
Tue, 31 July 2012 08:03 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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view for the 31st
Subject: HSBC: SA FIRST LIGHT *A prayer for stimulus
*ALSI flat: There is going to be a lot of thumb holding and praying ahead of month end going into the FED. We have been here a few times before where the expectation of stimulus never arrived or certainly not with the aggression wanted. Most funds have under performed the current 3.7% mtd Alsi performance so any window dressing would almost be pointless. UBS no's out with a big miss will weigh on EU futures initially (-0.1%). US ECO (consumer conf) out late afternoon will be the biggest number of the session but again all positioning will be for the results of the FED and less so into macro of month-end in our view. HSBC strategists are leaning to the view that the market has run ahead of itself in believing that the ECB will take aggressive action this week as they usually like to communicate in advance to smooth market movement. On that note we would be more comfortable short beta vs long defensive. Jmv Stace
*ECO Data SA: 31/07: Unemployment (Q2 prior 25.2%) -Trade Balance (Jun est -R5.5bn) *SA Ex Div - 03/03: BAT Stock Div 0.009%, NCA split 1 for 10, SAB USD 0.695, SGA/SGB 44.22/19.534 *SA Earnings 31/07: Capital and Counties S1 12 street EPS GBP 0.01
*SBL FLOW DEMAND (Short side flow traders) AMS SJ (5% -7% fee range) - Earnings estimates expect to fall by 78% KIO SJ (4% -6% fee range) - Significant borrow demand.
ASR SJ (2% -3% Fee range) - Borrow supply is still tight VOD SJ (0.5% - 0.7% fee range) - Sustained short interest demand.
EXX SJ (1.5% - 2.5%) - Renewed short interest demand on this name JDG SJ (0.8% - 1%) - Seeing some short interest demand over past weeks LON SJ (0.75% - 1%) - Seeing increased short interest demand
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| Re: London Prop traders view of the markets. [message #98792] |
Thu, 02 August 2012 08:07 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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contact us if you want to receive more reports and trading ideas such as this.
Subject: HSBC: SA FIRST LIGHT *"CLOSELY MONITOR"
*ALSI small down: Bernanke in line with our expectation has virtually repeated the previous speech and will "closely monitor" the current environment. All the long are holding thumbs for the ECB to provide some sort of stimulus ect. If you are long the JSE at record highs in a market where all the shorts have covered you may find that hints of EU stimulus don't have the squeeze rally you are hoping for. We also have a bits of macro to deal with in the form of BOE & ECB rates, Jobs no, UK PMI ect but again these will be irrelevant in the shadow of the ECB statements. As we don't expect any major salvation from the ECB we would be long gold and short beta (preferably non rand hedge).
*ECO Data SA: 02/08 Naamsa Vehicle Sales (YoY est 14.2%)
-Electricity Consumption (YoY prior -5.1%)/ Production (Jun YoY prior -5.3%)
*SA Ex Div - 03/03: BAT Stock Div 0.009%, NCA split 1 for 10, SAB USD 0.695, SGA/SGB 44.22/19.534 *SA Earnings 02/08 Liberty Holdings S1 12 street EPS R5.632
SBL FLOW DEMAND
AMS SJ (5% -7% fee range) -Supply is very tight due to stub KIO SJ (4% -6% fee range) -Recalls on the name. Due to stub ASR SJ (2% -3% Fee range) - Borrow supply is still tight VOD SJ (0.5% - 0.7% fee range) - Sustained short interest demand.
EXX SJ (1.5% - 2.5%) - Renewed short interest demand on this name JDG SJ (0.8% - 1%) - Seeing some short interest demand over past weeks LON SJ ( 0.75% - 1%) - Seeing increased short interest demand
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| Re: London Prop traders view of the markets. [message #98866] |
Fri, 03 August 2012 08:54 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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the 3rd
*ALSI -0.5%: Today we capitulate. We held up well considering the lack of the ECB bazooka which was being prayed for by the spec longs. Fast money is now short, FX is risk off and the duals get hammered post our close. HSBC strategists predicted this move from the ECB and will now look to the September meeting for relief. BHP getting a hiding this am (-2.3%) after it announced a $3.3b one time charge from Shale gas. Commodities are also being sold off as the flight to cash theme continues (gold under pin from SA Olympic team / Top10). Once we have discounted the negative start it will largely be sideways into NFP & ISM where I wouldn't expect anything market moving.
*SA Ex Div - 03/08: BAT Stock Div 0.009%, NCA split 1 for 10, SAB USD 0.695, SGA/SGB 44.22/19.534 *SA Earnings 03/08: Sappi Ltd Q3 12, street EPS Loss USD 0.014
**PRESS: *BHP will book one-time charges totaling $3.3billion on the value of its U.S. shale gas assets and nickel operations in Australia because of falling prices.
*The value of its Fayetteville shale gas assets in Arkansas will be cut by $2.84 billion and its nickel assets in Western Australia by $450 million.
*SBL FLOW DEMAND
AMS SJ (5% -7% fee range) -Supply is very tight due to stub KIO SJ (4% -6% fee range) - Significant borrow demand. Due to stub ASR SJ (2% -3% Fee range) - Borrow supply is still tight VOD SJ (0.5% - 0.7% fee range) - Sustained short interest demand.
EXX SJ (1.5% - 2.5%) - Renewed short interest demand on this name JDG SJ (0.8% - 1%) - Seeing some short interest demand over past weeks LON SJ (0.75% - 1%) - Seeing increased short interest demand
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| Re: London Prop traders view of the markets. [message #99014] |
Tue, 07 August 2012 08:12 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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the 7th
*ALSI flat (but range bound): As per the previous session the markets our markets will trade in a fairly tight range looking for guidance and momentum from EU markets and headlines. The pop up in bullion has helped gold names overnight (Gold Bugs +2.5%) and Jgold +1.5% despite the move on the ZAR. The theme today will be derived primarily by German Factory orders & UK Industrial production (very exciting). Asian markets hold steady as both US and UK futures hold positive levels. Commodities follow that theme but there is a fear of fatigue around so we expect levels to maintain the current holding pattern.
*Cost Center: AngloGold Ashanti (AU US): OW: Results only weaker due to Q1 deferred tax adjustment by Richard Hart *Much improved 15koz lost in Q2 at SA ops due directly to safety stoppages, compared to 75koz in Q1 *FY guidance of 4.3-4.4moz at cash cost of US$780-US$805/oz remains intact *Reiterate OW rating, maintain target price of USD69
*ECO Data SA: 07/08
-Net Reserves (Jul est USD 48.1bn) / Gross Reserves (Jul est USD 49.16bn)
-SACCI Business Confidence (Jul prior 94.9)
*SA Ex Div - 13/03: ADR 80c, AGL USD 0.32, BTI GBp 42.2, HDC 155c, KIO R19.20, NAI 9.121c, NAN 9.121c, NCA split 1 for 10, SBV 12c *SA Earnings 07/08: Mondi Ltd / PLC S1 12 street EPS est EUR 0.26
-Merafe Resources S1 12
*SBL FLOW DEMAND (short side flow traders) AMS SJ (5% -7% fee range) - Earnings estimates expect to fall by 78% KIO SJ (4% -6% fee range) - Recalls on the name.
ASR SJ (2% -3% Fee range) - Borrow supply is still tight VOD SJ (0.5% - 0.7% fee range) - Sustained short interest demand.
EXX SJ (1.5% - 2.5%) - Renewed short interest demand on this name JDG SJ (0.8% - 1%) - Seeing some short interest demand over past weeks LON SJ (0.75% - 1%) - Seeing increased short interest demand
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| Re: London Prop traders view of the markets. [message #99202] |
Mon, 13 August 2012 12:31 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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*ALSI -0.5%: Asian markets are all lower in light vols this am which is true to form for Mondays of late. US and UK futures are also in the red although only marginally. FX still showing risk on across EM currencies with ZAR holding its best levels in 3 months. Earnings and Macro is non existent today so again its all about risk appetite and headlines. No Olympics to keep us entertained so we will come up with some rumour and speculation on China rate cutS!
*CFTC Changes: Crude traders increase longs by 20%, Gold longs reduce by 8%, Plat longs rose by 4% and Copper spec longs gain by 17%.
*SA Ex Div - 13/03 ADR 80c, AGL USD 0.32, BTI GBp 42.2, HDC 155c, KIO R19.20, NAI 9.121c, NAN 9.121c, NCA split 1 for 10, SBV 12c
*PRESS: Anglo American Holders Said to Push for New CEO: Telegraph Link {NSN M8NRY23HBS3K <GO>}
*SBL FLOW DEMAND
AMS SJ (4% -5.5% fee range) - Supply is tight and demand is still sustained.
KIO SJ (3% - 5.5% fee range) - Recalls on the name.
ASR SJ (1.5% -2.5% Fee range) - Borrow supply is still tight VOD SJ (0.5% - 0.7% fee range) - Sustained short interest demand.
EXX SJ (1% - 2.5%) - Sustained short interest demand on this name CZA SJ - Rights Name. NO borrow.
MDC SJ (0.80% - 3%) - Potential Rights Name. Supply is thin.
TRU SJ / PWK SJ (0.8% -1.00%) - Demand has been sustained GRT SJ (0.6% - 1%) - Renewed short interest demand on this name LON SJ (1% - 1.5%) - The demand is on-going and supply is stable.
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| Re: London Prop traders view of the markets. [message #99255] |
Wed, 15 August 2012 08:40 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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for the 15th
*ALSI -0.5%: We rallied in a supply vacuum but the sustainability is questionable. Some decent macro helped squeeze a couple of fresh shorts but as these are only intra day fast money shorts the move was purely more a cover helped by the lack of supply. Tencent results today (HSBC SELL) should weigh on Naspers. US CPI biggest of the macro and again a good or bad number will ultimately be good for equities. Gold coming under pressure on profit taking from macro funds in line with the sell off in crude post inventories. This saw selling on the gold bugs (-0.5%) & Jgold -0.2%. We are still in the camp of fatigued buyer but sector rotation is keeping the index alive (buying Resi / Indi vs selling banks & retail) being the general theme.
*ECO Data SA: 15/08 Retail Sales (Jun MoM est 0.5%, YoY est 4.7%)
*Trading update: AVENG SEES FY EPS BETWEEN 50%, 60% LOWER
*ASPEN GLOBAL BUYS AUSTRALIAN PRODUCT PORTFOLIO
*SA Earnings 15/08: JSE Ltd S1 12
-City Lodge Ltd Y12 street EPS est 4.795 -Truworths Y12 street EPS 5.197
*COST CENTER: Nampak (NPK SJ): Initiating at OW & TP ZAR30: Low-risk play on emerging sub-Saharan consumer spend by Michele Olivier *Nampak piggy-backing on multinationals' SSA growth, with packaging footprint in 12 countries *New growth and capital allocation strategy accelerating returns on equity following strong margin acceleration
*ABSA (ASA SJ): Upgrade to OW from N: ROE strain the catalyst to capital optimisation by Jan Rost
*ASA is targeting a ROE >20% by 2014; this target will require an improvement in its overall capital efficiency. We highlight the potential upside if surplus capital is released
*SBL FLOW DEMAND
AMS SJ (4% -5.5% fee range) - Supply is tight and demand is still sustained.
KIO SJ (3% - 5.5% fee range) - Recalls on the name.
ASR SJ (1.5% -2.5% Fee range) - Borrow supply is still tight VOD SJ (0.5% - 0.7% fee range) - Sustained short interest demand.
EXX SJ (1% - 2.5%) - Sustained short interest demand on this name CZA SJ - Rights Name. NO borrow.
MDC SJ (0.80% - 3%) - Potential Rights Name. Supply is thin.
TRU SJ / PWK SJ (0.8% -1%) - Demand has been sustained and we have supply.
GRT SJ (0.6% - 1%) - Renewed short interest demand on this name LON SJ (1% - 1.5%) - The demand is on-going and supply is stable.
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| Re: London Prop traders view of the markets. [message #99290] |
Wed, 15 August 2012 12:54 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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could be
selling my naspers longs
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| Re: London Prop traders view of the markets. [message #99804] |
Fri, 24 August 2012 08:27 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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TODAY: ALSI -1.0%: We expect our market to come under pressure as overnight markets capitulate as they track the losses seen on Wall Street as doubts grow over the likelihood of fresh stimulus efforts by the U.S. Federal Reserve. Major resources firms are leading the fall with Aussie names like BHP Billiton down -1.6% and Rio Tinto Ltd. off by 4.08%, following falls for many commodity futures overnight. Gold spot has fallen $10 from the highs of Thursday as ZAR weakens on global risk aversion as we look to be tipping into a corrective phase in equities.
SA Research
Imperial Holdings (IPL SJ) : Downgrade to N: Asset light strategy delivering impressive growth and returns, but priced in: Michele Olivier
* Niche and geographic logistics' positioning and Korean automotive distribution yields strong earnings growth
* Recent acquisitions in logistic sector diversify industry and geographic exposure and prove to be earnings enhancing
* We downgrade from OW to N owing to strong share price performance, target price increases to ZAR205 (was ZAR172)
Event: FY2012 reported diluted HEPS of ZAR14.87 was in line with HSBC and consensus forecasts.
{https://www.research.hsbc.com/midas/Res/RDV?ao=20&key=0 gnSqblKbG&n=340319.PDF}
HSBC Steel Weekly : Dawn could be close despite the darkness: Steel Team
* Iron ore and coking coal prices have continued to slide as China de-risks
* The current situation is unsustainable, in our view
* There is support from China and elsewhere for high steel prices, but the timing of a bounce remains unclear {https://www.research.hsbc.com/midas/Res/RDV?ao=20&key=0 NyNJHTERY&n=340603.PDF}
ECO Data
SA: 24/08
None
EU: 24/08
None
UK: 24/08
GDP (2Q QoQ est -0.5%, YoY est -0.6%)
US: 24/08
Durable Goods Orders (Jul est 2.5%)
Capital Good Orders (Jul est -0.1%)
SA Ex Div - 27/03
ANG 100c, AWA 15c, AWB 10.03c, ITE 7c, LBH 192c, MTN 321c
SA Earnings 24/08
Northam Platinum Y12 street EPS est 70c
ASIA: NK -1.1% / HS -1.1% / CHINA -0.7% / ASX -0.9%
Asia: stocks fell, with the region's benchmark index retreating from the highest level since May, on signs of slower growth in the U.S. and China and amid concern Europe's leaders aren't making progress in solving the region's debt crisis. Nissan Motor Co, a carmaker that counts North America as its biggest market, fell 1.5% after U.S jobless claims rose more than expected. Aluminum Corp. of China fell 1.8% after Dallas Federal Reserve economists said overstated data may have masked the severity of China's slowdown. Makita Corp, a Japanese maker of power tools that depends on Europe for more than 40% of sales, slid 1.2%.
US: DOW -0.9% / S&P -0.8% / Nasdaq -0.7%
U.S: stocks fell, as the S&P 500 Index posted its biggest decline in a month, amid investor concern that European leaders aren't making progress in solving the region's debt crisis. Hewlett-Packard Co. dropped 8.2% after forecasting full-year earnings that missed analysts' estimates as demand slumped. Big Lots Inc. tumbled 21% after lowering its annual earnings projection. Boeing Co. down 3.4% after losing orders. Alcoa Inc. erased 2.7%, pacing declines among raw-material stocks.
EU: FTSE +0.05% / STX 600 -0.6%
European Equities: U.K. stocks were little changed as speculation that central banks will ease monetary policy offset a report showing the number of Americans filing applications for unemployment benefits climbed last week to a one-month high. Randgold Resources Ltd. and Fresnillo Plc each advanced more than 3.5%. Anglo American Plc climbed 1.7% as the mining company reached an agreement to end a 10-month dispute over a copper mine in Chile. Petropavlovsk Plc plunged 16%, its biggest slump in more than 3 1/2 years. German stocks fell after German Finance Minister Schaeuble damped speculation that Greece may get more time to cut its debt, outweighing earlier optimism that central banks in the U.S. and China will ease monetary policy.
FX: USD/ZAR 8.3304 / GBP/ZAR 13.2115 / EUR/USD 1.2554 / YEN/USD 78.56
GOLD: $1666.40 / PLAT: $1543 / CRUDE: $95.65
Precious Metals: Gold dropped for the first time in eight days, trimming its biggest weekly gain since June, after reaching a four-month high on speculation the Federal Reserve may add stimulus and as investment holdings rose to a record.
Oil: fell from a three-month high in New York as German Chancellor Angela Merkel said she expects Greece to fulfill the terms of its bailout and on skepticism central banks will ease monetary policy further.
Base Metals: Copper declined, trimming a third weekly advance, on concerns over the progress in solving Europe's debt crisis, disappointing U.S. data and further tightening measures in China's property market.
SBL FLOW DEMAND
AMS SJ (4% -5.5% fee range) - Supply is tight and demand is still sustained KIO SJ (3% - 5.5% fee range) - Significant borrow demand. Recalls on the name. Dividend record date 17/8/2012 LON SJ (1% - 2.5%) - The demand is on-going currently no supply to go. (Lonmin Plc may raise USD1 billion in a rights issue as soon as next month as per newspapers) MDC SJ (1% - 3%) - Potential Rights Name. Supply is very thin EXX SJ (1% - 2.5%) - Sustained short interest demand on this name CZA SJ - Rights Name. No borrow Supply to show
TRU SJ / PWK SJ (0.8% -1.00%) - Demand has been sustained and we have supply to go
ASR SJ (1.5% -2.5% Fee range) - Borrow supply is still tight, however levels have moved lower
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| Re: London Prop traders view of the markets. [message #100037] |
Wed, 29 August 2012 07:55 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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Subject: HSBC: SA FIRST LIGHT *much to say about nothing!
*ALSI small down: With little in the way of themes unless Typhoons excite you, global markets overnight have traded largely flat in light vols. Localy we saw the retail sector rally to new highs as international buyers re emerged. Plat names also found some late traction despite the $22 sell off in the metal (Impala +1.5%). The golds (Jgold -4.3%) led lower by Harmony as auction action hit the stock in excess 4% (look out for tourists at the open). We expect the rest of the week to trade in a tight range going into Jackson hole (dont get excited) and the early Sep meetings to follow.
**Cost Center: Impala Platinum (IMP SJ): OW: TP reduced to ZAR181: Cor Booysen
* Our target price falls by 5% to ZAR181 (from ZAR189), reflecting a decline in our short-term earnings outlook; maintain Overweight
**Global brewers : Focus on higher pricing, better mix, and acquisitions; top pick: A-B InBev: Lauren Torres
* Reiterate ratings: Overweight on A-B InBev; Neutral on AmBev, Grupo Modelo, Heineken, Molson Coors, and SABMiller; Underweight on Boston Beer
**MEDI-CLINIC CORP LTD (MDC SJ): UW: Refocus on growth, but more than priced in: Raj Sinha
* Revise target price to ZAR36 post rights issue (ZAR38 pre-rights) due to accretion and roll forward of DCF; remain UW
*SA Earnings 29/08
Growthpoint Properties Y12 street EPS R1.258 Mvelaphanda Group Y12 Murray & Roberts Y12 street EPS -38.5c Santam S1 12 street EPS R5.825
*SBL FLOW DEMAND (SHORT SIDE FLOW TRADERS) AMS SJ (4% -5.5% fee range) - Supply is tight and demand is still sustained KIO SJ (3% - 5.5% fee range) - Recalls on the name.
LON SJ (1% - 2.5%) - no supply to go. (may raise USD1 billion in a rights issue) MDC SJ (1% - 3%) - Potential Rights Name. Supply is very thin EXX SJ (1% - 2.5%) - Sustained short interest demand on this name CZA SJ - Rights Name. No borrow Supply to show TRU SJ / PWK SJ (0.8% -1%) - Demand has been sustained ASR SJ (1.5% -2.5% Fee range) - Borrow supply is still tight
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| Re: London Prop traders view of the markets. [message #100726] |
Tue, 11 September 2012 08:47 |
boerboel
Messages: 935
Registered: October 2010 |
Senior Member |
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for the 11th
*ALSI -0.5%: The market goes into a drifty phase going into the German meeting and FOMC later this week. Risk currencies are holding up well as traders pre position for some dovish comments from Bernanke. Equity vols dramatically improve over the past few sessions with the previous improving by 25% on the 3 month avg. Commodities follow the trend also drifting but what will be interesting is to see what level of profit taking kicks in in the plat names after the index rallied 4%. My take on today will very likely be a repeay of yesterday. We don't expect any intervention from the derivative players as strikes are way lower.
*Top40 open interest 170 700 contracts (up 2k contracts)
*ECO Data SA: 11/09
Current Account (Q2 % of GDP prior -4.9%, Balance Prior -152.6bn) Manufacturing Production (Jul MoM prior -2.4%, YoY prior 0.8%) *SA Ex Div - 17/09: ADH 10c, BVT 342, DSBP R4.1474, EQS 28c, EXX 350c, TFGP 6.5c, GRT 1.2c, HYP 198c, SUI 150c, NPN 335c, OLG 4.5c, RIN Rights 21 per 40, SNT 230c, TPC 49c
*SA Earnings 11/09
FirstRand Y12 street EPS R2.15 / HSBC: Jan Rost EPS R2.14
**SBL FLOW DEMAND
AMS SJ (4% -5% fee range) - Very thin supply KIO SJ (3% - 4.5% fee range) - Supply squeeze on this name.
ASR SJ (1% -3.5% Fee range) - NO supply here.
ARL SJ (1.2 % -3 % Fee range) - NO supply here also Recall Risk.
LON SJ (1.5% - 3.5%) - NO supply and Recall risk LHC SJ (0.8% - 1.5%) - Renewed new demand in this name MDC SJ (1% - 3%) - Rights Name. Recall Risk on the Ordinary share.
EXX SJ (1% - 2.5%) - Sustained short interest demand.
TRU SJ / MPC SJ (0.8% -1%) - Demand has been sustained
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